Broncos' Ryan Clady to receive franchise tag

"We're going to tag him," said John Elway, the Broncos' senior vice president of football operations.

Elway added that placing a franchise tag on Clady, a procedure that will happen as soon as Tuesday, does not preclude the team and player from working out a multiyear contract extension.

"We'd like to work something out, like we did last year," Elway said, referring to contract negotiations with Clady that broke off before training camp. "Things have changed a little bit because he's coming off a shoulder surgery. But we like Ryan. We like him a lot as a player and we'd like to get something done."